Homework 3

Homework 3 - Econ 370, International Trade Fall 2009...

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Econ 370, International Trade Fall 2009 Homework 3 Name Purdue ID
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Econ 370, International Trade Fall 2009 Part 1. Questions that you do not need to turn in. Answer the following questions. You do not need to turn them in. Study Guide, Chapter 4, problems 1b, 2, 6b, 6c, 7, 8 and 10. Study Guide, Chapter 7, problems 1a-1c.
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Fall 2009 Part 2. Questions that you need to turn in. Be sure to show your steps so that we can give partial credits. (38 points total) 1. Use Figures 4-9 and 4-10 in the textbook to answer the following questions. (2 points each, 6 points total). (1) Is Germany abundant in R&D scientists according to Figure 4-9? Why or why not? (2) Is Germany abundant in effective R&D scientists according to Figure 4-10? Why or why not? (3) Compare your answers to (1) with (2), how does the use of “effective R&D scientists” affect Germany’s abundance in it? Explain your intuition. 2. Consider the automobile and machinery industries: Automobiles: sales revenue = 200; payments to labor = 100; payments to capital = 100 Machinery: sales revenue = 100; payments to labor = 40; payments to capital = 60. (2 points each, 10 points total)
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Homework 3 - Econ 370, International Trade Fall 2009...

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